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CapMan Real Estate sells a portfolio of care properties


CapMan Real Estate press release                    5 December 2019 at 3 p.m. EET

CapMan Real Estate sells a portfolio of care properties

The 2017 launched CapMan Nordic Real Estate II fund has sold a portfolio of eleven care properties in Finland to Swedish property owner Hemfosa Fastigheter. The transaction is the fund’s first exit.

CapMan Nordic Real Estate II fund has built up and developed the portfolio during 2017-2019. The eleven properties have a total leasable area of approximately 20,900 sqm and the properties are located mainly in growing municipalities in Finland. The high-quality and modern properties are fully leased with long-term lease agreements.

“We are pleased to have completed the first exit from CapMan Nordic Real Estate II fund, which is still in its investment phase. The development of this sizeable portfolio of modern care homes in such a short time and to exit it now to a professional long-time community service property owner meets the targets of our value-add strategy well”, comments Juhani Erke, Partner, Head of CapMan Real Estate Finland.

The focus of the €425 million CapMan Nordic Real Estate II fund is to invest mainly in office, residential and retail properties located in established submarkets of major Nordic cities and selectively in real estate sectors supported by prevailing megatrends.

CapMan Real Estate includes 38 dedicated professionals in the field of investment, asset management and property management. CapMan’s current real estate volume under management is over EUR 2.5 billion.

For further information, please contact:

Juhani Erke, Partner & Head of CapMan Real Estate Finland, CapMan Real Estate, tel. +358 50 549 5104

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg.